Conch's acquisition is "reliable"! The net profit of Shanshan in the first half of the year was 750 million yuan to 900 million yuan.

12, Shanshan issued a semi-annual performance pre-increase announcement for 2026. The company expects to achieve a net return of 750 million yuan to 900 million yuan in the first half of the year, an increase of 262% -334% over the same period last year.

As for the reasons for the substantial increase in performance, Shanshan shares said that the core driving force is the substantial improvement in the performance of the core business: the two main businesses of anode materials and polarizers are expected to achieve a net profit of 880 million yuan to 950 million yuan, and the profit scale has increased significantly year on year. In addition, the company uses the equity method to account for the main long-term equity investment enterprises, and its operating performance has also been continuously improved, further increasing profits. At

the equity level, the company has previously disclosed the reorganization matters related to the change of major control rights. On February 8 this year, Shanshan announced that the controlling shareholder Shanshan Group, its wholly-owned subsidiary Pengze Trade and the administrator of Shanshan Group signed the Restructuring Investment Agreement with the restructuring investors Wanwei Group and Ningbo Jinzi. If the reorganization is successful, the control rights of listed companies will change, and the controlling shareholders will be replaced by Wanwei Group, which is controlled by Conch Group. On the evening

of April 15, the voting window period of the Restructuring Plan (Draft) of Shanshan Group Co., Ltd. and Ningbo Pengze Trading Co., Ltd. ended, and the draft was passed in each group vote at the fourth creditors'meeting. The subsequent reorganization administrator will submit an application to the People's Court of Yinzhou District of Ningbo City in accordance with the regulations, requesting the court to decide to approve the reorganization plan.

According to the information disclosed by Shanshan, once the reorganization is completed, the controlling shareholder of the company will be changed to Anhui Wanwei Group Co., Ltd., and the actual controller will be transferred to Anhui SASAC at the same time. At the same time, the relevant work of Conch Group's capital increase and holding Wanwei Group is also in progress.

Today, the net profit of Shanshan shares in the first half of the year has increased greatly, which shows that the acquisition of Conch Group is very "reliable".